You have probably heard about the Robinhood app and want to know if it is available in Australia, right?
Robinhood is a modern, easy-to-use investment app from the US that popularised the concept of commission-free trading in financial products such as stocks and ETFs.
Do you want to know if Robinhood is available in Australia, what its expansion plans are, and which alternatives are available for Australian investors? We have got you covered.
What is Robinhood?
Founded in 2013, Robinhood has played a major role in disrupting the brokerage industry by allowing US retail investors to trade with no commissions. Robinhood offers stocks, ETFs, options, futures (launched October 2025), and cryptocurrencies.
The results are clear: Robinhood counts over 27 million Funded Customers and approximately $324 billion in assets under custody. The company is listed on NASDAQ under the ticker HOOD since July 2021 and was included in the S&P 500 in 2025. In response to Robinhood’s growth, several well-established US brokers moved to eliminate trading commissions in late 2019, including E*TRADE (subsequently acquired by Morgan Stanley in 2020) and Charles Schwab (which absorbed TD Ameritrade, whose brand has since been fully retired).
Is Robinhood available in Australia?
Robinhood is not yet available in Australia. Robinhood is, however, no longer US-only: it has launched in the UK (early 2024, via Robinhood U.K. Ltd, FCA-regulated) and expanded across Europe in 2025 through Robinhood Europe UAB (Bank of Lithuania). In April 2026, the Monetary Authority of Singapore also granted Robinhood an in-principle approval for a Major Payment Institution licence, paving the way for a crypto launch in Asia following the June 2025 acquisition of Bitstamp.
Australia has not been publicly discussed as a near-term launch market, but the pattern of international expansion suggests it could be considered further down the line.
In the meantime, Australian investors can access several strong Robinhood alternatives already operating locally, offering commission-free or low-cost access to Australian and international markets – most of them ASIC-regulated for an additional layer of oversight.
Robinhood alternatives in Australia
To help you answer this question, we focused on low-cost online brokers available in Australia. Given that, here are our suggestions:
eToro
With over 40 million users, eToro is the leading social investing platform (copy and follow other traders/investors). It offers commission-free ETF trading (other fees apply).
Disclaimer: eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Interactive Brokers
Founded in 1978, IBKR is one of the world’s most trustworthy brokers. It offers an enormous range of financial products (stocks, ETFs, Options,…), and low currency conversion fees (FX fees).
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors.
Tiger Brokers
A popular choice for retail investors and traders in Australia, Tiger Brokers focuses on providing an intuitive platform, superb execution, and a smooth trading experience.
Stake
Australian broker that offers access to +6000 US stocks and ETFs, with no trading commissions.
Robinhood alternatives in Australia
eToro at a glance
Founded in 2007, eToro is a leading global fintech and one of the world’s largest social trading platforms (allowing users to follow and copy other investors’ trades), with over 40 million users across 140+ countries. Australian investors can trade a wide range of products through eToro’s intuitive web and mobile platform, making it a solid option for beginners as well as more active retail traders.
On pricing, ETFs trade commission-free regardless of transaction size or how the order is placed, whether manually, through CopyTrader, or via Smart Portfolios. Stock trades carry a $2 commission across all exchanges for Australian residents, applied both when opening and closing a position – so a round trip costs $4. Whole and fractional shares are supported, and other fees apply.
Opening an account and depositing is straightforward, and you can practise first with a $100,000 virtual demo account. On the downside, spreads on some products can be relatively high, and eToro operates in USD as its only base currency – so AUD deposits will be converted to USD (FX cost ~50 pips), which reduces the appeal of eToro for investors trading primarily in Australian dollars.
For Australian residents, eToro is served by eToro AUS Capital Limited, regulated by the Australian Securities and Investments Commission (ASIC) under AFS Licence 491139. eToro is also a NASDAQ-listed company (ticker: ETOR) following its May 2025 IPO. For more details, read our review of eToro in Australia.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Interactive Brokers at a glance
Founded in 1978 and publicly listed on NASDAQ (ticker: IBKR; added to the S&P 500 in 2024), Interactive Brokers is a global online broker that has weathered multiple financial crises, demonstrating resilience and a rigorous risk management framework. Interactive Brokers has 3 million+ client accounts worldwide.
Interactive Brokers offers an advanced platform with a broad product range (stocks, options, mutual funds, ETFs, futures, bonds, currencies, and cryptocurrencies) across 170+ markets in 36+ countries – including the ASX for Australian equities and Cboe Australia, alongside major global venues (NYSE, NASDAQ, LSE, Xetra, HKEX, TSE). Trade execution is supported by IB SmartRouting, and the platform includes a comprehensive set of technical and fundamental tools to support your investment decisions.
For Australian beginners and intermediate investors, educational content is available via IBKR Campus (formerly Traders’ Academy), although the main TWS platform has a steep learning curve. That is why we primarily recommend it to more advanced traders. Customer support typically provides clear and concise answers, reducing back-and-forth.
On the downside, Interactive Brokers’ fee structure is comparatively complex, the registration process is lengthy (though fully online), and the broker does not offer fully commission-free trading. However, when factoring in competitive FX fees (0.20 basis points with a $2 minimum), tight spreads, the Stock Yield Enhancement Program (SYEP), and cash interest on uninvested AUD/USD balances above certain thresholds, Australian clients can achieve significant savings versus most local brokers. Australian clients are served by Interactive Brokers Australia Pty Ltd, ASIC-regulated under AFS Licence 453554, with native AUD base currency support.
Interactive Brokers also offers IBKR GlobalTrader, a modern mobile app for trading stocks, options, and ETFs, designed for beginner investors. Features include automatic currency conversion, fractional shares from $1, a $10,000 virtual demo account, and more.
Tiger Brokers at a glance
With over 10 million users worldwide, Tiger Brokers is one of the most popular discount brokers across Asia-Pacific for both retail and institutional investors. Australian users can access stocks and ETFs from the ASX, US markets (NYSE, NASDAQ), and HKEX, plus options and futures on selected US markets.
Its pricing is competitive and varies by market. Tiger Brokers focuses on execution and ease of trading, and the mobile-first platform (Tiger Trade) delivers well on both fronts. The broker also serves as a gateway to US options trading and offers access to selected mutual funds for investors depositing at least USD 100.
Tiger Brokers (Australia) is regulated by ASIC under AFS Licence 300767. Parent Tiger Brokers is publicly listed on NASDAQ under the ticker TIGR, providing an additional layer of corporate transparency. This makes Tiger Brokers a solid option for active traders who value low costs and streamlined execution, particularly across US and Asian markets.
Stake at a glance
Stake is an Australian online broker that offers commission-free trades on US stocks and ETFs, and more recently, low-cost access to ASX-listed shares and Australian ETFs through its Stake AUS product (with brokerage from AUD 3 per trade).
One of Stake’s main advantages is transparency and low cost. There are no inactivity fees, and its pricing structure is deliberately simple. Its trading platforms are modern and beginner-friendly, making Stake a strong option for Australian investors starting out or looking for streamlined access to US-listed stocks and ETFs.
Stake is regulated by the Australian Securities and Investments Commission (ASIC) under AFS Licence 486331, and Australian assets are held by Sanlam Private Wealth under CHESS sponsorship – meaning your ASX holdings sit under your own Holder Identification Number (HIN), which is a meaningful safety feature valued by Australian investors.
On the downside, US trading on Stake operates in USD only, so users are charged an FX fee (~0.70%) when converting AUD deposits to USD and vice versa on withdrawal. The product range remains narrower than at the largest global brokers – Stake does not offer options, futures, bonds, or direct crypto trading beyond limited exposure.
Which platform should you choose?
Some factors you should know when choosing an online broker are the fees charged, if it is regulated by top-tier institutions such as the Australian Securities and Investments Commission, the range of products it allows you to trade (not all platforms allow you to trade Australian stocks), among others.
The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites above and decide for yourself!
A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the services and opportunities best suited for their risk, returns, and impact strategy.
FAQs
Does Robinhood offer options trading?
Yes, Robinhood does offer the possibility to trade options. If you want to trade options, check our article on the best options trading brokers available in Australia.
Does Robinhood give you free stock?
Yes, new users get a free share upon signing up. Check our list of brokers with free stocks available in Australia.
Is Webull available in Australia?
Yes, Webull (Robinhood’s biggest competitor in the US) recently launched in Australia.
What about other US-based investment platforms? Are Betterment and Wealthfront available in Australia?
No, Betterment and Wealthfront are not available in Australia either. Only US citizens/Green Card holders are eligible to open an account on these platforms (some exceptions apply in the case of Betterment).
How exactly does Robinhood make money?
The online broker earns money from interest earned on customers’ cash balances (money in your account not invested) by selling order information to third parties (high-frequency traders, for instance) and margin lending.
Regarding selling orders, the US Securities and Exchange Commission (SEC) is still investigating Robinhood for not fully disclosing its practice of selling clients’ orders to high-speed trading firms.
Until October 2018, Robinhood would not clearly state that it was receiving payments for order flows. By law, any financial company must reveal all the material facts an investor would want to know before making any investment decision.
